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Shanghai’s key stock index dropped more than two percent today as investors took profits after a central bank announcement said it may fine-tune the macroeconomic policy. The benchmark Shanghai Composite Index tumbled 2.11 percent, or 72.17 points, to close at 3,365.33 points.
The Shanghai market is still up approximately 88% from last year’s lows. Corporate valuations [...]
Posted by Jim Trippon on Friday, August 7, 2009 at 4:21 am
Filed under china economic growth, china stock, china stock market, china's economic growth, chinese economy · Tagged China Markets, china stock, china stock market, China’s GDP expansion, Investment China, People's Bank of China (PBOC), Premier Wen Jiabao, Shanghai Composite Index, Shanghai Composite Index (SCI), shanghai stock exchange, shanghai stock market, Shenzhen Composite Index
